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Infratil Ltd
Buy, Hold or Sell?

Let's analyse Infratil together

PenkeI guess you are interested in Infratil Ltd. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of Infratil Ltd. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

You can find me behind Let's Analyse Together in the top-right of each section.

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Quick analysis of Infratil (30 sec.)










What can you expect buying and holding a share of Infratil? (30 sec.)

How much money do you get?

How much money do you get?
A$0.73
When do you have the money?
1 year
How often do you get paid?
100.0%

What is your share worth?

Current worth
A$6.42
Expected worth in 1 year
A$9.38
How sure are you?
90.0%

+ What do you gain per year?

Total Gains per Share
A$4.10
Return On Investment
40.4%

For what price can you sell your share?

Current Price per Share
A$10.16
Expected price per share
A$9.5 - A$10.23
How sure are you?
50%

1. Valuation of Infratil (5 min.)




Live pricePrice per Share (EOD)

A$10.16

Intrinsic Value Per Share

A$-4.42 - A$2.34

Total Value Per Share

A$2.00 - A$8.76

2. Growth of Infratil (5 min.)




Is Infratil growing?

Current yearPrevious yearGrowGrow %
How rich?$3.4b$3b$394.2m11.5%

How much money is Infratil making?

Current yearPrevious yearGrowGrow %
Making money$184.1m$25.5m$158.5m86.1%
Net Profit Margin17.0%3.4%--

How much money comes from the company's main activities?

3. Financial Health of Infratil (5 min.)




What can you expect buying and holding a share of Infratil? (5 min.)

Welcome investor! Infratil's management wants to use your money to grow the business. In return you get a share of Infratil.

What can you expect buying and holding a share of Infratil?

First you should know what it really means to hold a share of Infratil. And how you can make/lose money.

Speculation

The Price per Share of Infratil is A$10.16. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of Infratil.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Infratil, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is A$6.42. Based on the TTM, the Book Value Change Per Share is A$0.74 per quarter. Based on the YOY, the Book Value Change Per Share is A$1.16 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is A$0.29 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Infratil.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 A$% of Price per ShareA$% of Price per ShareA$% of Price per ShareA$% of Price per ShareA$% of Price per Share
Usd Eps0.454.5%0.454.5%0.838.1%0.282.8%0.222.2%
Usd Book Value Change Per Share0.474.7%0.474.7%0.747.3%0.383.7%0.272.7%
Usd Dividend Per Share0.181.8%0.181.8%0.131.3%0.151.5%0.141.3%
Usd Total Gains Per Share0.666.5%0.666.5%0.888.6%0.535.2%0.414.0%
Usd Price Per Share5.57-5.57-4.80-3.93-2.81-
Price to Earnings Ratio12.25-12.25-5.80--55.23--18.23-
Price-to-Total Gains Ratio8.49-8.49-5.47-0.69-4.55-
Price to Book Ratio1.36-1.36-1.32-1.31-1.09-
Price-to-Total Gains Ratio8.49-8.49-5.47-0.69-4.55-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share6.506464
Number of shares153
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.180.15
Usd Book Value Change Per Share0.470.38
Usd Total Gains Per Share0.660.53
Gains per Quarter (153 shares)100.4580.66
Gains per Year (153 shares)401.79322.64
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
111229039291232313
2223580794182464636
33358701196272696959
4447116015983639271282
55591450200045411591605
66701740240254513911928
77822030280463516232251
88942320320672618552574
910062610360881720872897
1011172901401090823193220

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share1.00.00.0100.0%2.01.00.066.7%3.02.00.060.0%8.02.00.080.0%22.07.00.075.9%
Book Value Change Per Share1.00.00.0100.0%3.00.00.0100.0%4.01.00.080.0%8.02.00.080.0%23.06.00.079.3%
Dividend per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%10.00.00.0100.0%28.00.01.096.6%
Total Gains per Share1.00.00.0100.0%3.00.00.0100.0%4.01.00.080.0%9.01.00.090.0%27.02.00.093.1%

Fundamentals of Infratil

About Infratil Ltd

Infratil Limited is an infrastructure investment firm specializing in digital Infrastructure, renewables, and social infrastructure. They prefer to invest in renewable electricity, data centers, telecommunications networks healthcare, and airports. It invests around the world. Infratil Limited was incorporated in 1994 and is based in Wellington, New Zealand.

Fundamental data was last updated by Penke on 2024-03-31 20:12:03.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge profit.
Using its assets, the company is less efficient in making profit.
Using its investors money, the company is less efficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating very efficient.
The company is very efficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is just not able to pay all its short-term debts.
The company is just not able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is very able to pay all its debts by selling its assets.
The company is able to pay all its debts with equity.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is underpriced.
Based on the earnings, the company is underpriced.
Based on how much money comes from the company's main activities, the company is expensive.

1.1. Profitability of Infratil Ltd.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Infratil earns for each $1 of revenue.

  • Above 10% is considered healthy but always compare Infratil to the Utilities - Renewable industry mean.
  • A Net Profit Margin of 17.0% means that $0.17 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Infratil Ltd:

  • The MRQ is 17.0%. The company is making a huge profit. +2
  • The TTM is 17.0%. The company is making a huge profit. +2
Trends
Current periodCompared to+/- 
MRQ17.0%TTM17.0%0.0%
TTM17.0%YOY3.4%+13.6%
TTM17.0%5Y-7.2%+24.1%
5Y-7.2%10Y2.9%-10.0%
1.1.2. Return on Assets

Shows how efficient Infratil is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Infratil to the Utilities - Renewable industry mean.
  • 3.1% Return on Assets means that Infratil generated $0.03 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Infratil Ltd:

  • The MRQ is 3.1%. Using its assets, the company is less efficient in making profit.
  • The TTM is 3.1%. Using its assets, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ3.1%TTM3.1%0.0%
TTM3.1%YOY0.4%+2.6%
TTM3.1%5Y-0.3%+3.3%
5Y-0.3%10Y1.7%-2.0%
1.1.3. Return on Equity

Shows how efficient Infratil is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Infratil to the Utilities - Renewable industry mean.
  • 7.4% Return on Equity means Infratil generated $0.07 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Infratil Ltd:

  • The MRQ is 7.4%. Using its investors money, the company is less efficient in making profit.
  • The TTM is 7.4%. Using its investors money, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ7.4%TTM7.4%0.0%
TTM7.4%YOY1.2%+6.3%
TTM7.4%5Y-1.8%+9.2%
5Y-1.8%10Y6.4%-8.2%

1.2. Operating Efficiency of Infratil Ltd.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Infratil is operating .

  • Measures how much profit Infratil makes for each $1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare Infratil to the Utilities - Renewable industry mean.
  • An Operating Margin of 37.7% means the company generated $0.38  for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Infratil Ltd:

  • The MRQ is 37.7%. The company is operating very efficient. +2
  • The TTM is 37.7%. The company is operating very efficient. +2
Trends
Current periodCompared to+/- 
MRQ37.7%TTM37.7%0.0%
TTM37.7%YOY15.9%+21.9%
TTM37.7%5Y9.7%+28.1%
5Y9.7%10Y17.2%-7.6%
1.2.2. Operating Ratio

Measures how efficient Infratil is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Utilities - Renewable industry mean).
  • An Operation Ratio of 0.58 means that the operating costs are $0.58 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of Infratil Ltd:

  • The MRQ is 0.582. The company is very efficient in keeping operating costs low. +2
  • The TTM is 0.582. The company is very efficient in keeping operating costs low. +2
Trends
Current periodCompared to+/- 
MRQ0.582TTM0.5820.000
TTM0.582YOY0.778-0.196
TTM0.5825Y0.858-0.276
5Y0.85810Y0.853+0.005

1.3. Liquidity of Infratil Ltd.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Infratil is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Utilities - Renewable industry mean).
  • A Current Ratio of 0.99 means the company has $0.99 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of Infratil Ltd:

  • The MRQ is 0.992. The company is just not able to pay all its short-term debts. -1
  • The TTM is 0.992. The company is just not able to pay all its short-term debts. -1
Trends
Current periodCompared to+/- 
MRQ0.992TTM0.9920.000
TTM0.992YOY1.165-0.173
TTM0.9925Y1.439-0.447
5Y1.43910Y1.325+0.115
1.3.2. Quick Ratio

Measures if Infratil is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Infratil to the Utilities - Renewable industry mean.
  • A Quick Ratio of 0.31 means the company can pay off $0.31 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Infratil Ltd:

  • The MRQ is 0.305. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.305. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.305TTM0.3050.000
TTM0.305YOY0.188+0.117
TTM0.3055Y0.456-0.150
5Y0.45610Y0.763-0.307

1.4. Solvency of Infratil Ltd.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Infratil assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Infratil to Utilities - Renewable industry mean.
  • A Debt to Asset Ratio of 0.43 means that Infratil assets are financed with 43.0% credit (debt) and the remaining percentage (100% - 43.0%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Infratil Ltd:

  • The MRQ is 0.430. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.430. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.430TTM0.4300.000
TTM0.430YOY0.478-0.048
TTM0.4305Y0.526-0.097
5Y0.52610Y0.543-0.017
1.4.2. Debt to Equity Ratio

Measures if Infratil is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Infratil to the Utilities - Renewable industry mean.
  • A Debt to Equity ratio of 104.0% means that company has $1.04 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Infratil Ltd:

  • The MRQ is 1.040. The company is able to pay all its debts with equity. +1
  • The TTM is 1.040. The company is able to pay all its debts with equity. +1
Trends
Current periodCompared to+/- 
MRQ1.040TTM1.0400.000
TTM1.040YOY1.269-0.228
TTM1.0405Y1.757-0.717
5Y1.75710Y1.963-0.205

2. Market Valuation of Infratil Ltd

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every $1 in earnings Infratil generates.

  • Above 15 is considered overpriced but always compare Infratil to the Utilities - Renewable industry mean.
  • A PE ratio of 12.25 means the investor is paying $12.25 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Infratil Ltd:

  • The EOD is 14.303. Based on the earnings, the company is underpriced. +1
  • The MRQ is 12.247. Based on the earnings, the company is underpriced. +1
  • The TTM is 12.247. Based on the earnings, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD14.303MRQ12.247+2.055
MRQ12.247TTM12.2470.000
TTM12.247YOY5.799+6.448
TTM12.2475Y-55.227+67.475
5Y-55.22710Y-18.232-36.996
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Infratil Ltd:

  • The EOD is -59.113. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The MRQ is -50.618. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The TTM is -50.618. Based on how much money comes from the company's main activities, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-59.113MRQ-50.618-8.495
MRQ-50.618TTM-50.6180.000
TTM-50.618YOY-174.313+123.695
TTM-50.6185Y-51.009+0.391
5Y-51.00910Y-11.204-39.805
2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Infratil is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Utilities - Renewable industry mean).
  • A PB ratio of 1.36 means the investor is paying $1.36 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of Infratil Ltd:

  • The EOD is 1.583. Based on the equity, the company is underpriced. +1
  • The MRQ is 1.355. Based on the equity, the company is underpriced. +1
  • The TTM is 1.355. Based on the equity, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD1.583MRQ1.355+0.227
MRQ1.355TTM1.3550.000
TTM1.355YOY1.319+0.036
TTM1.3555Y1.305+0.050
5Y1.30510Y1.086+0.219
2. Total Gains per Share

3. Holders & Insider Transactions

Let's take a look at which institutions, funds and insiders are holding shares of Infratil Ltd.

3.1. Funds holding Infratil Ltd

DateNameTotal SharesTotal AssetsCurrent SharesChange%
2021-01-31Capital Income Builder, Inc.2.33-16859895--
2020-10-31Vanguard International Stock Index-Total Intl Stock Indx1.05-7568125--
2021-01-31DFA Asia Pacific Small Company Series0.54-3887656--
2020-12-31Vanguard Tax Managed Fund-Vanguard Developed Markets Index Fund0.45-3271428--
2021-02-28iShares Core MSCI EAFE ETF0.45-3238509--
2021-02-28iShares MSCI EAFE Small Cap ETF0.43-3104006--
2020-12-31New Alternatives Fund Inc0.28-2000000--
2021-01-31DFA International Core Equity Portfolio0.25-1795490--
2021-02-28iShares MSCI New Zealand ETF0.21-1513262--
2020-10-31Vanguard Intl Equity Index Fds-FTSE All World ex U.S.Small Cap Index0.19-1339189--
Total 6.1804457756000.0%

4. Summary

4.1. Key Performance Indicators

The key performance indicators of Infratil Ltd compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share--0.7400.7400%1.161-36%0.592+25%0.428+73%
Book Value Per Share--6.4186.4180%5.678+13%4.667+38%3.873+66%
Current Ratio--0.9920.9920%1.165-15%1.439-31%1.325-25%
Debt To Asset Ratio--0.4300.4300%0.478-10%0.526-18%0.543-21%
Debt To Equity Ratio--1.0401.0400%1.269-18%1.757-41%1.963-47%
Dividend Per Share--0.2850.2850%0.208+37%0.232+23%0.211+35%
Eps--0.7100.7100%1.292-45%0.439+62%0.347+105%
Free Cash Flow Per Share---0.172-0.1720%-0.043-75%-0.370+115%-0.152-11%
Free Cash Flow To Equity Per Share---0.802-0.8020%0.093-966%-0.096-88%-0.115-86%
Gross Profit Margin--0.8180.8180%0.129+535%4.303-81%0.950-14%
Intrinsic Value_10Y_max--2.344--------
Intrinsic Value_10Y_min---4.419--------
Intrinsic Value_1Y_max---0.069--------
Intrinsic Value_1Y_min---0.392--------
Intrinsic Value_3Y_max--0.024--------
Intrinsic Value_3Y_min---1.229--------
Intrinsic Value_5Y_max--0.397--------
Intrinsic Value_5Y_min---2.116--------
Market Cap8452002237.440+14%7237442860.8007237442860.8000%6230855980.160+16%5108070706.555+42%3654093392.520+98%
Net Profit Margin--0.1700.1700%0.034+406%-0.072+142%0.029+493%
Operating Margin--0.3770.3770%0.159+138%0.097+290%0.172+119%
Operating Ratio--0.5820.5820%0.778-25%0.858-32%0.853-32%
Pb Ratio1.583+14%1.3551.3550%1.319+3%1.305+4%1.086+25%
Pe Ratio14.303+14%12.24712.2470%5.799+111%-55.227+551%-18.232+249%
Price Per Share10.160+14%8.7008.7000%7.490+16%6.140+42%4.393+98%
Price To Free Cash Flow Ratio-59.113-17%-50.618-50.6180%-174.313+244%-51.009+1%-11.204-78%
Price To Total Gains Ratio9.911+14%8.4868.4860%5.468+55%0.691+1128%4.550+87%
Quick Ratio--0.3050.3050%0.188+62%0.456-33%0.763-60%
Return On Assets--0.0310.0310%0.004+596%-0.003+109%0.017+78%
Return On Equity--0.0740.0740%0.012+535%-0.018+124%0.064+16%
Total Gains Per Share--1.0251.0250%1.370-25%0.823+25%0.639+60%
Usd Book Value--3419385208.0923419385208.0920%3025114622.892+13%2486388002.983+38%2063206203.080+66%
Usd Book Value Change Per Share--0.4740.4740%0.744-36%0.379+25%0.274+73%
Usd Book Value Per Share--4.1104.1100%3.636+13%2.989+38%2.480+66%
Usd Dividend Per Share--0.1830.1830%0.133+37%0.148+23%0.135+35%
Usd Eps--0.4550.4550%0.827-45%0.281+62%0.222+105%
Usd Free Cash Flow---91564929.936-91564929.9360%-22891232.484-75%-197041138.430+115%-81096163.204-11%
Usd Free Cash Flow Per Share---0.110-0.1100%-0.028-75%-0.237+115%-0.097-11%
Usd Free Cash Flow To Equity Per Share---0.514-0.5140%0.059-966%-0.062-88%-0.074-86%
Usd Market Cap5412662232.857+14%4634858408.0564634858408.0560%3990240169.694+16%3271208480.478+42%2340081408.570+98%
Usd Price Per Share6.506+14%5.5715.5710%4.797+16%3.932+42%2.813+98%
Usd Profit--184189094.280184189094.2800%25598164.860+620%-4225168.361+102%65401840.058+182%
Usd Revenue--1085774114.5561085774114.5560%763472622.744+42%704579189.659+54%897377505.822+21%
Usd Total Gains Per Share--0.6570.6570%0.877-25%0.527+25%0.409+60%
 EOD+5 -3MRQTTM+0 -0YOY+20 -165Y+27 -910Y+25 -11

4.2. Fundamental Score

Let's check the fundamental score of Infratil Ltd based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1514.303
Price to Book Ratio (EOD)Between0-11.583
Net Profit Margin (MRQ)Greater than00.170
Operating Margin (MRQ)Greater than00.377
Quick Ratio (MRQ)Greater than10.305
Current Ratio (MRQ)Greater than10.992
Debt to Asset Ratio (MRQ)Less than10.430
Debt to Equity Ratio (MRQ)Less than11.040
Return on Equity (MRQ)Greater than0.150.074
Return on Assets (MRQ)Greater than0.050.031
Total4/10 (40.0%)

4.3. Technical Score

Let's check the technical score of Infratil Ltd based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5057.989
Ma 20Greater thanMa 509.970
Ma 50Greater thanMa 1009.848
Ma 100Greater thanMa 2009.632
OpenGreater thanClose10.000
Total4/5 (80.0%)



Reversals in quarterly reports

I have detected a reversal (positive to negative, negative to positive) in the following values of the quarterly reports.

 2019-03-312020-03-312021-03-312022-03-312023-03-31
Net Working Capital  145,738324,647470,385564,5721,034,957-865,236169,721-178,542-8,821



Latest Balance Sheet

Balance Sheet of 2023-03-31. Currency in NZD. All numbers in thousands.

Summary
Total Assets10,188,800
Total Liabilities4,378,100
Total Stockholder Equity4,208,100
 As reported
Total Liabilities 4,378,100
Total Stockholder Equity+ 4,208,100
Total Assets = 10,188,800

Assets

Total Assets10,188,800
Total Current Assets1,175,700
Long-term Assets8,227,600
Total Current Assets
Cash And Cash Equivalents 774,500
Short-term Investments -561,800
Net Receivables 148,900
Inventory 2,300
Other Current Assets 250,000
Total Current Assets  (as reported)1,175,700
Total Current Assets  (calculated)613,900
+/- 561,800
Long-term Assets
Property Plant Equipment 3,721,300
Goodwill 1,846,100
Long Term Investments 3,093,300
Intangible Assets 128,700
Other Assets 785,500
Long-term Assets  (as reported)8,227,600
Long-term Assets  (calculated)9,574,900
+/- 1,347,300

Liabilities & Shareholders' Equity

Total Current Liabilities1,185,300
Long-term Liabilities2,492,000
Total Stockholder Equity4,208,100
Total Current Liabilities
Short-term Debt 710,600
Short Long Term Debt 691,600
Accounts payable 361,900
Other Current Liabilities 823,400
Total Current Liabilities  (as reported)1,185,300
Total Current Liabilities  (calculated)2,587,500
+/- 1,402,200
Long-term Liabilities
Long term Debt 2,492,000
Capital Lease Obligations Min Short Term Debt-502,400
Other Liabilities 511,600
Long-term Liabilities  (as reported)2,492,000
Long-term Liabilities  (calculated)2,501,200
+/- 9,200
Total Stockholder Equity
Common Stock1,057,300
Retained Earnings 2,534,600
Accumulated Other Comprehensive Income 616,200
Total Stockholder Equity (as reported)4,208,100
Total Stockholder Equity (calculated)4,208,100
+/-0
Other
Capital Stock1,057,300
Cash and Short Term Investments 774,500
Common Stock Shares Outstanding 724,000
Current Deferred Revenue-710,600
Liabilities and Stockholders Equity 10,188,800
Net Debt 2,617,300
Net Invested Capital 7,391,700
Net Tangible Assets 2,233,300
Net Working Capital -9,600
Property Plant and Equipment Gross 3,911,900
Short Long Term Debt Total 3,391,800



Balance Sheet

Currency in NZD. All numbers in thousands.

 Trend2023-03-312022-03-312021-03-312020-03-312019-03-312018-03-312017-03-312016-03-312015-03-312014-03-312013-03-312012-03-312011-03-312010-03-312009-03-312008-03-312007-03-312006-03-312005-03-312004-03-312003-03-312002-03-312001-03-312000-03-311999-03-311998-03-311997-03-311996-03-311995-03-31
> Total Assets 
43,885
92,706
144,249
137,332
418,279
499,871
613,163
796,690
791,807
915,077
1,002,534
1,704,898
3,729,680
4,399,400
4,742,300
4,508,400
5,033,100
5,293,400
5,439,400
5,449,800
5,947,700
6,627,100
6,796,700
6,621,600
6,733,100
7,585,100
9,552,600
9,851,800
10,188,800
10,188,8009,851,8009,552,6007,585,1006,733,1006,621,6006,796,7006,627,1005,947,7005,449,8005,439,4005,293,4005,033,1004,508,4004,742,3004,399,4003,729,6801,704,8981,002,534915,077791,807796,690613,163499,871418,279137,332144,24992,70643,885
   > Total Current Assets 
7,151
16
35,628
12,527
9,327
7,810
37,901
55,422
51,016
59,901
87,903
115,236
285,535
524,200
653,800
535,100
542,700
621,000
670,000
542,400
584,800
1,007,500
743,400
618,000
1,204,000
933,300
2,798,300
1,297,700
1,175,700
1,175,7001,297,7002,798,300933,3001,204,000618,000743,4001,007,500584,800542,400670,000621,000542,700535,100653,800524,200285,535115,23687,90359,90151,01655,42237,9017,8109,32712,52735,628167,151
       Cash And Cash Equivalents 
6,843
0
35,233
12,164
4,163
0
5,583
38,639
17,021
32,573
61,986
60,121
128,512
255,200
251,100
180,900
157,500
104,300
144,300
144,200
363,400
775,500
268,800
380,500
414,300
730,300
133,800
851,000
774,500
774,500851,000133,800730,300414,300380,500268,800775,500363,400144,200144,300104,300157,500180,900251,100255,200128,51260,12161,98632,57317,02138,6395,58304,16312,16435,23306,843
       Short-term Investments 
0
0
0
0
0
0
790
960
635
0
0
0
0
0
56,300
0
0
0
0
0
0
0
237,900
0
0
-266,700
-774,600
-748,700
-561,800
-561,800-748,700-774,600-266,70000237,900000000056,30000000635960790000000
       Net Receivables 
129
13
395
363
2,822
5,485
31,528
15,823
28,434
19,457
18,394
33,281
107,503
220,600
259,200
333,400
287,900
291,300
296,800
250,400
142,700
135,200
122,300
85,200
70,800
174,800
315,400
107,500
148,900
148,900107,500315,400174,80070,80085,200122,300135,200142,700250,400296,800291,300287,900333,400259,200220,600107,50333,28118,39419,45728,43415,82331,5285,4852,82236339513129
       Other Current Assets 
179
3
0
0
2,342
2,325
0
0
4,926
6,813
6,718
18,510
45,189
38,500
71,800
5,500
77,400
194,000
216,500
137,900
73,600
93,700
111,700
148,100
718,900
28,200
2,347,200
337,200
250,000
250,000337,2002,347,20028,200718,900148,100111,70093,70073,600137,900216,500194,00077,4005,50071,80038,50045,18918,5106,7186,8134,926002,3252,342003179
   > Long-term Assets 
36,733
92,690
108,621
124,805
408,952
492,061
575,262
741,268
740,791
855,176
914,631
1,589,662
3,444,145
3,875,200
4,088,500
3,973,300
4,490,400
4,672,400
4,769,400
4,907,400
5,362,900
5,619,600
6,053,300
6,003,600
5,529,100
6,300,900
5,874,200
7,715,900
8,227,600
8,227,6007,715,9005,874,2006,300,9005,529,1006,003,6006,053,3005,619,6005,362,9004,907,4004,769,4004,672,4004,490,4003,973,3004,088,5003,875,2003,444,1451,589,662914,631855,176740,791741,268575,262492,061408,952124,805108,62192,69036,733
       Property Plant Equipment 
0
0
0
0
225,072
288,680
413,345
522,892
492,856
478,123
461,828
992,350
2,983,149
3,194,200
3,475,800
3,556,100
3,777,400
3,914,200
4,025,100
4,175,600
4,493,800
4,824,600
4,900,500
4,808,900
4,201,500
4,119,400
3,354,200
3,560,300
3,721,300
3,721,3003,560,3003,354,2004,119,4004,201,5004,808,9004,900,5004,824,6004,493,8004,175,6004,025,1003,914,2003,777,4003,556,1003,475,8003,194,2002,983,149992,350461,828478,123492,856522,892413,345288,680225,0720000
       Goodwill 
0
0
0
0
30,836
0
0
0
0
0
0
66,201
150,324
246,000
246,300
242,000
242,000
242,000
242,000
251,700
179,700
117,400
117,400
117,400
113,200
113,100
752,700
1,807,200
1,846,100
1,846,1001,807,200752,700113,100113,200117,400117,400117,400179,700251,700242,000242,000242,000242,000246,300246,000150,32466,20100000030,8360000
       Long Term Investments 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
294,100
532,300
534,300
955,800
1,028,400
1,024,200
2,300,000
2,467,900
2,975,800
3,093,300
3,093,3002,975,8002,467,9002,300,0001,024,2001,028,400955,800534,300532,300294,1000000000000000000000
       Intangible Assets 
0
0
0
0
0
0
0
0
0
0
0
11,591
45,794
63,800
72,700
67,100
66,900
85,900
86,000
100,300
75,300
64,300
55,600
43,400
33,500
35,100
74,000
121,300
128,700
128,700121,30074,00035,10033,50043,40055,60064,30075,300100,30086,00085,90066,90067,10072,70063,80045,79411,59100000000000
       Long-term Assets Other 
36,733
92,690
108,621
124,805
153,044
203,381
161,917
59,966
0
0
22,620
0
0
74,100
5,800
22,500
7,300
36,600
27,500
25,700
17,800
44,200
24,000
5,500
156,700
-6,300,900
-5,874,200
-7,715,900
-8,227,600
-8,227,600-7,715,900-5,874,200-6,300,900156,7005,50024,00044,20017,80025,70027,50036,6007,30022,5005,80074,1000022,6200059,966161,917203,381153,044124,805108,62192,69036,733
> Total Liabilities 
164
11,075
5,109
6,423
237,772
293,368
389,712
376,408
367,090
323,959
414,480
911,515
2,043,348
2,929,000
3,107,900
2,777,100
3,190,200
3,286,800
3,503,900
3,413,900
3,392,400
3,557,100
3,655,800
3,488,900
3,987,500
4,245,200
5,463,400
4,711,100
4,378,100
4,378,1004,711,1005,463,4004,245,2003,987,5003,488,9003,655,8003,557,1003,392,4003,413,9003,503,9003,286,8003,190,2002,777,1003,107,9002,929,0002,043,348911,515414,480323,959367,090376,408389,712293,368237,7726,4235,10911,075164
   > Total Current Liabilities 
164
11,075
5,109
6,423
43,725
9,467
25,554
21,366
121,409
22,247
112,492
332,731
385,838
618,600
445,600
647,600
515,000
604,900
764,900
623,600
496,800
659,000
672,700
451,900
1,045,400
421,400
1,672,000
1,113,900
1,185,300
1,185,3001,113,9001,672,000421,4001,045,400451,900672,700659,000496,800623,600764,900604,900515,000647,600445,600618,600385,838332,731112,49222,247121,40921,36625,5549,46743,7256,4235,10911,075164
       Short-term Debt 
0
0
0
0
0
0
790
960
106,093
4,172
89,094
258,518
60,300
234,500
159,100
302,700
152,500
239,400
379,600
292,600
300,500
337,900
423,700
184,300
583,200
181,500
366,200
559,400
710,600
710,600559,400366,200181,500583,200184,300423,700337,900300,500292,600379,600239,400152,500302,700159,100234,50060,300258,51889,0944,172106,093960790000000
       Short Long Term Debt 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
2,607,400
300,500
437,900
423,700
184,300
583,200
159,700
345,900
536,700
691,600
691,600536,700345,900159,700583,200184,300423,700437,900300,5002,607,4000000000000000000000
       Accounts payable 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
196,100
101,900
91,600
214,200
231,300
274,500
227,300
305,800
445,900
361,900
361,900445,900305,800227,300274,500231,300214,20091,600101,900196,1000000000000000000000
       Other Current Liabilities 
164
10,655
4,491
5,723
11,096
6,915
17,424
17,248
8,363
10,051
10,190
50,702
181,465
32,600
33,800
71,400
77,700
172,600
152,900
134,900
94,400
229,500
159,700
36,300
146,200
194,100
1,366,200
668,000
823,400
823,400668,0001,366,200194,100146,20036,300159,700229,50094,400134,900152,900172,60077,70071,40033,80032,600181,46550,70210,19010,0518,36317,24817,4246,91511,0965,7234,49110,655164
   > Long-term Liabilities 
0
0
0
0
194,047
283,901
364,158
355,042
245,681
301,712
301,988
578,784
1,657,510
2,310,400
2,662,300
2,129,500
2,675,200
2,681,900
2,739,000
2,790,300
2,895,600
2,898,100
2,983,100
3,037,000
2,942,100
3,076,300
3,062,000
2,891,400
2,492,000
2,492,0002,891,4003,062,0003,076,3002,942,1003,037,0002,983,1002,898,1002,895,6002,790,3002,739,0002,681,9002,675,2002,129,5002,662,3002,310,4001,657,510578,784301,988301,712245,681355,042364,158283,901194,0470000
       Long term Debt Total 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
2,385,100
2,482,700
2,388,400
2,785,500
3,244,300
0
0
003,244,3002,785,5002,388,4002,482,7002,385,1000000000000000000000000
       Other Liabilities 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
475,500
594,800
637,600
598,000
549,400
553,700
522,400
531,700
479,200
511,600
511,600479,200531,700522,400553,700549,400598,000637,600594,800475,5000000000000000000000
> Total Stockholder Equity
43,721
81,631
139,140
130,909
180,507
206,503
223,451
420,282
329,398
540,775
530,682
665,793
875,446
733,300
791,000
880,700
999,400
1,074,600
1,004,400
1,119,300
1,493,900
1,924,700
1,958,300
1,934,400
1,647,100
2,132,200
2,644,000
3,713,900
4,208,100
4,208,1003,713,9002,644,0002,132,2001,647,1001,934,4001,958,3001,924,7001,493,9001,119,3001,004,4001,074,600999,400880,700791,000733,300875,446665,793530,682540,775329,398420,282223,451206,503180,507130,909139,14081,63143,721
   Common Stock
8,909
0
0
127,475
126,309
126,320
122,226
122,316
117,629
226,685
151,409
150,050
162,436
257,400
323,000
419,700
457,800
428,600
421,200
369,300
369,800
370,700
364,200
361,800
361,800
754,900
1,049,000
1,057,300
1,057,300
1,057,3001,057,3001,049,000754,900361,800361,800364,200370,700369,800369,300421,200428,600457,800419,700323,000257,400162,436150,050151,409226,685117,629122,316122,226126,320126,309127,475008,909
   Retained Earnings 
1,049
2,526
2,946
3,434
14,854
30,698
39,360
101,944
126,298
130,075
147,104
131,704
139,000
329,300
113,400
110,400
137,300
141,400
96,500
246,400
478,700
806,100
789,100
784,600
702,700
902,400
735,500
2,027,200
2,534,600
2,534,6002,027,200735,500902,400702,700784,600789,100806,100478,700246,40096,500141,400137,300110,400113,400329,300139,000131,704147,104130,075126,298101,94439,36030,69814,8543,4342,9462,5261,049
   Capital Surplus 00000000000000000000000000000
   Treasury Stock00000000000000000000000000000
   Other Stockholders Equity 
33,762
79,105
136,194
0
39,344
55,700
76,382
196,022
0
0
0
0
0
0
0
0
0
0
0
503,600
645,400
747,900
805,000
755,300
581,500
0
-1,784,500
0
-3,591,900
-3,591,9000-1,784,5000581,500755,300805,000747,900645,400503,60000000000000196,02276,38255,70039,3440136,19479,10533,762



Balance Sheet

Currency in NZD. All numbers in thousands.




Cash Flow

Currency in NZD. All numbers in thousands.